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VN, Pakistan plan $500m two-way trade

Update: August, 31/2012 - 09:42

NEW DELHI — Viet Nam and Pakistan are determined to achieve a target of US$500 million in bilateral trade by December 2013.

This was decided at the second session of the Viet Nam-Pakistan Joint Trade Commission in Islamabad, Pakistan from August 28-29.

The Vietnamese delegation was led by Deputy Minister of Industry and Trade Le Duong Quang.

The two sides proposed the signing of a co-operative agreement between the Trade Development Authority of Pakistan and Viet Nam's Trade Promotion Agency to achieve the target.

During the meeting, a memorandum of understanding was signed in which Pakistan recognised Viet Nam as a full market economy.

Pakistan called on Viet Nam to create more favourable conditions for Pakistani businesses, especially the granting of visas.

In return, Viet Nam asked Pakistan to assist in preventing trade fraud. — VNS

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